House Approves Economic Stimulus Bill

The Democratic-controlled House has approved an $819 billion economic stimulus package critical to President Barack Obama's plan to revive the economy.

The House vote came after days of intense lobbying by the new president, including personal appeals to congressional Republicans.

GOP lawmakers spurned Obama, saying the bill contains too much spending and not enough tax cuts.

Democrats argued that the bill was imperative with the economy in the worst shape since the Depression.

The legislation includes an estimated $544 in federal spending and $275 billion in tax cuts for individuals and businesses. It includes money for highway construction and mass transit.

The Senate is working on a costlier version of the bill.

President Barack Obama is thanking the House for passing a massive economic stimulus package and promising to "continue to strengthen" the plan as it works its way through congressional approval.

Obama issued a written statement after Wednesday night's vote in the House, in which no Republicans joined Democrats in support.

He said, in his words, "what we can't do is drag our feet or allow the same partisan differences to get in our way."

Obama asked Congress to move "swiftly and boldly" to give the legislation final approval.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Coach M Location: RMT on Jan 31, 2009 at 05:31 AM
    OSOC: Point taken. But the reason prices rise when you print more money is due to the fact that the rich do not want people not to be poor. I hear all the time that when employees are due for a raise that the owner says, "Times are tight and we just can't give you the usual raise. We will discuss it right after my wife and I get back from Jamica or maybe next month after we spend a week in Vages." I realize that they own a company and deserve to reap the benefits of having built the company but, don't tell me about a pay cut when you spend money on weeks in Aspin or own a $100,000 sports car.
  • by jr Location: bath on Jan 30, 2009 at 02:40 PM
    'government stimulus' equates to 'congressional pork barrel'. it will not work. it never has. it never will. tell me of one instance where government has solved a problem, and i'll tell you about a million where it is the problem, and has contributed to the problem. we owe our children's souls (and earnings) to (was japan) china. we cannot continue down this path. but who will stop it? nobody, lest they feel they will be denied the trough. where is statesmanship? nowhere on anyone's radar.
  • by Tara Location: Greenville on Jan 30, 2009 at 08:49 AM
    To Interesting....Do you not not pay for the coffee, filters and the pot. If you think that you can just print trillions in new money without causing inflation then it is you that is being unrealistic, stupid and ignorant.
  • by Obama Snake Oil Co Location: Washington on Jan 30, 2009 at 05:23 AM
    As a result of this "stimulus" program, we will have rising taxes, well, who do you think really pays for this, the weathy? Interrest rates will slide up to what Carter days brought, inflation will rise and the only ones benefiting from all this are the social programs for the DNC. This is why republicans didn't vote for it and also why the 11 democrats didn't vote for it. By the time all of you realize what this "got to do it quick" program will really cost, it will be too late. Coach, the thing that gets me is the head of the Dept of Revenue not paying his taxes yet he is now head? I guess if you want a corrupt cabinet, that appears what "the chosen one" has selected, well, you got it.
  • by Coach M Location: Rocky Mount on Jan 30, 2009 at 12:41 AM
    I've got a solution to the budget. Stop letting ALL companies skate on taxes. I see ads all the time about how a company that owed $100,000 or more in taxes settled for pennies on the dollar, and the rest of us have to pay every penny or risk being garnished. And I know some people that have a 'small company' and take 'business' trips all the time. Right...LOL Oh and unknown28, you're ignorant
  • by ~ALPHA female~ Location: O84P on Jan 29, 2009 at 11:07 PM
    Moderators...where is my submission...or should I ask .....what particular word prevented it from being posted?
  • by Taylor Location: NC on Jan 29, 2009 at 08:55 PM
    Provisions of the bill that many legislators are questioning: $1 billion for Amtrak, which hasn’t earned a profit in four decades. $2 billion to help subsidize child care. $400 million for research into global warming. $2.4 billion for projects to demonstrate how carbon greenhouse gas can be safely removed from the atmosphere. $650 million for coupons to help consumers convert their TV sets from analog to digital, part of the digital TV conversion. $600 million to buy a new fleet of cars for federal employees and government departments. $75 million to fund programs to help people quit smoking. $21 million to re-sod the National Mall, which suffered heavy use during the Inauguration. $2.25 billion for national parks. $335 million for treatment and prevention of sexually transmitted diseases. Republican leaders say the stimulus package will add 32 new government programs at a cost of $136 billion. Stimulus Bill? or Welfare Program
  • by Mary Location: Washington on Jan 29, 2009 at 07:12 PM
    You are so right Eagleman. A few of us are wise enough to see what is happening to this country.
  • by ~ALPHA female~ Location: O84P on Jan 29, 2009 at 07:10 PM
    Stir up the panic... That's what those republicans love to do. Get you so scared and paranoid that you will believe anything they say. WOW....where were these republicans when Bush got his little repub bots last fall to vote for a $700 billion financial bailout? ..What??? say it ain't so's me.. LOL. What does this stimulus mean to ask? It means....many low-income workers already receive some benefits through the Earned Income Tax Credit, but the stimulus bill would expand refunds to help offset payroll taxes that these workers pay.
  • by Mike on Jan 29, 2009 at 07:03 PM
    Here is some sound advice to the citizens......Quit spending money you dont have.......Credit is the evil here.

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 38566447 -
Gray Television, Inc.